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China's Auditing, Accounting and Tax Services industry has developed rapidly over recent years. Demand from enterprises and individuals has risen due to China's growing economy and changing business environment. New rules and regulations issued by the government concerning accounting and auditing standards have also contributed to a more standardized market environment.Industry revenue is expected to increase an annualized 6.0% over the five years through 2024. This trend includes anticipated growth of 6.4% in the current year. An increasing number of Initial Public Offerings (IPOs) and higher auditing fees have supported industry growth in recent years. These same trends are projected to support future industry revenue growth. Industry revenue will grow an annualized 3.7% over the five years through 2029.The top four companies in the industry are expected to account for 20.4% of industry revenue in 2024. With the increasingly fierce competition, merger and acquisition activities in the industry will become more frequent. In the next five years, the number of enterprises will increase at a CAGR of 1.1% while the number of establishments increase at a CAGR of 1.4%.In February 2023, China began to implement the stock issuance registration reform system comprehensively. The reform of the registration system will encourage more companies to seek initial public offerings. Due to the need for audit services in initial public offerings, the industry will face more opportunities with the advancement of registration system reform.
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IBISWorld's research coverage on the Auditing, Accounting & Tax Services industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
The Auditing, Accounting & Tax Services industry in China operates under the industry code 7431. The Auditing, Accounting and Tax Services industry in China provides business services including asset appraisal and liquidation, accounting, auditing and taxation consultancy. Related terms covered in the Auditing, Accounting & Tax Services industry in China include audit, bookkeeping and initial public offering (ipo).
Products and services covered in Auditing, Accounting & Tax Services industry in China include Auditing services, Taxation services and Utilities sector.
Companies covered in the Auditing, Accounting & Tax Services industry in China include Ernst & Young Hua Ming LLP, BDO China Shu Lun Pan CPAs LLP and KPMG Huazhen LLP.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Auditing, Accounting & Tax Services industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Auditing, Accounting & Tax Services industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Auditing, Accounting & Tax Services industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Auditing, Accounting & Tax Services industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Auditing, Accounting & Tax Services industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Auditing, Accounting & Tax Services industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Auditing, Accounting & Tax Services industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Auditing, Accounting & Tax Services industry in China.
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The market size of the Auditing, Accounting & Tax Services industry in China is $17.2bn in 2026.
There are 12,381 businesses in the Auditing, Accounting & Tax Services industry in China, which has grown at a CAGR of 2.2 % between 2020 and 2025.
The Auditing, Accounting & Tax Services industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Auditing, Accounting & Tax Services industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Auditing, Accounting & Tax Services industry in China has been growing at a CAGR of 6.0 % between 2020 and 2025.
Over the next five years, the Auditing, Accounting & Tax Services industry in China is expected to grow.
The biggest companies operating in the Auditing, Accounting & Tax Services industry in China are Ernst & Young Hua Ming LLP, BDO China Shu Lun Pan CPAs LLP and KPMG Huazhen LLP
Auditing services and Taxation services are part of the Auditing, Accounting & Tax Services industry in China.
The company holding the most market share in the Auditing, Accounting & Tax Services industry in China is Ernst & Young Hua Ming LLP.
The level of competition is moderate and increasing in the Auditing, Accounting & Tax Services industry in China.